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please post the detailed solution Question 4: Security analysis and trading (20p) Assume the Gordon growth model is true. Build-A- Bear's 2014 earnings were $10

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Question 4: Security analysis and trading (20p) Assume the Gordon growth model is true. Build-A- Bear's 2014 earnings were $10 per share. The company's earnings growth, dividend, and required return on equity are tabulated below: Year Earnings growth Dividend payout Required return on equity 2014. 40% 10% 2015 6.3% 30% 2016 8.4% 25% 9% 2017 7.12% 15% 12% 2018 9.35% 5% 8% 2019 7.12% 10% 8% Build-A-Bear changed management at the end of 2016. As a shareholder in the company, and based on the data in the table above, would you support the reinstatement of the previous management team or would you give a vote of confidence to the new one? Argue why or why not

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